Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Receipts (FYFR) and Gross Domestic Product (GDPA):FYFRGDA188S = ((FYFR /1000)/GDPA)*100FYFR /1000 transforms FYFR from millions of dollars to billions of dollars.

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For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line.
Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses {(,)}, and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100).
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Notes:

Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Receipts (FYFR) and Gross Domestic Product (GDPA):FYFRGDA188S = ((FYFR /1000)/GDPA)*100FYFR /1000 transforms FYFR from millions of dollars to billions of dollars.

Suggested Citation:

Federal Reserve Bank of St. Louis and US. Office of Management and Budget,
Federal Receipts as Percent of Gross Domestic Product [FYFRGDA188S],
retrieved from FRED,
Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/FYFRGDA188S,
December 9, 2016.